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authorAdam Soltys <[email protected]>2012-12-04 00:47:41 -0800
committerAdam Soltys <[email protected]>2012-12-04 00:47:41 -0800
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Note about fees
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@@ -7,5 +7,5 @@ If you're a resident of Vancouver and would like to be listed as a local exchang
<h2>Our Rates</h2>
<p>
-The exchange rates on this website are pegged to the current market prices at <a href="http://cavirtex.com/">cavirtex.com</a> and are updated every 15 minutes. Specifically, we take an average of the bid/ask prices in the order books there using a market depth of $1000 CAD.
+Our exchange rates are pegged to the current market prices at <a href="http://cavirtex.com/">cavirtex.com</a> including a 3% surcharge to cover the <a href="https://www.cavirtex.com/fees">transaction fees</a> that they charge to use their service. We don't take any commission above and beyond that for ourselves. Our hope is that eventually there will be enough turnover in the Vancouver bitcoin economy that we won't need to use an online exchange. When that happens, we'll be able to eliminate fees altogether.
</p>